Global Business Organization or GBS--- A hybrid of the concept of off-shoring, in which a company shifts a function off-shore. With a GBS, instead of outsourcing it to a third party, the business owns and operates the off-shore office themselves,,, taking advantage of the much lower cost of staffing....
Shared Services - Is the concept of taking a non-core function of a business (accounts receivable processing, for example),, and managing it as if it is a separate business, providing that service to the main business. It is an alternative to the concept of an internal department....
A GBS organizations embrace both outsourcing and their own internal offshore operations, which remain owned and operated by the companies, to enable a broad array of functions to be moved to low-cost labor markets and managed in an integrated fashion....
Over the past few years,, many companies have become more mature in their use of GBS organizations, expanding them beyond a basic shared services approach to manage operations in multiple functional areas such as IT, finance,
procurement, and human resources. By offering economies of scale, scope, and skill, this approach enables companies to drive cost reductions and lower headcounts. Companies are also looking to enable global enterprise operating standards that will streamline their businesses and drive better overall results
The Hacker Group's latest research found that close to 1.1 million jobs in corporate finance, IT, and other business functions were lost at large U.S. and European companies in 2008 and 2009 due to a combination of offshoring, productivity improvements, and lack of economic growth. Over 1.3 million additional jobs will disappear by 2014, The Hacker Group found, with offshoring becoming a larger and larger factor each year. These figures represent annual job loss rates of close to twice those seen from 2000 to 2007.
Over
the past few years,, many companies have become more mature in their
use of GBS organizations, expanding them beyond a basic shared services
approach to manage operations in multiple functional areas such as IT,
finance,
Over
the past few years,, many companies have become more mature in their
use of GBS organizations, expanding them beyond a basic shared services
approach to manage operations in multiple functional areas such as IT,
finance,
procurement,
and human resources. By offering economies of scale, scope, and skill,
this approach enables companies to drive cost reductions and lower
headcounts. Companies are also looking to enable global enterprise
operating standards that will streamline their businesses and drive
better overall results
A
GBS organizations embrace both outsourcing and their own internal
offshore operations, which remain owned and operated by the companies,
to enable a broad array of functions to be moved to low-cost labor
markets and managed in an integrated fashion....
The
Hacker Group's latest research found that close to 1.1 million jobs in
corporate finance, IT, and other business functions were lost at large
U.S. and European companies in 2008 and 2009 due to a combination of
offshoring,
A
GBS organizations embrace both outsourcing and their own internal
offshore operations, which remain owned and operated by the companies,
to enable a broad array of functions to be moved to low-cost labor
markets and managed in an integrated fashion....
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